Last Updated: 4/28/2017 10:45 AM
Description for 8532 W Silver Lake Road Mears, MI 49436
3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 & put over $100,000 into these cottages. All 3 have new/newer roofs & flooring. Dock, sandy beach area. Great swimming, boating & fishing lake. Cottages all have a great view of the dunes & lake & could be sold off separately by turning into condominium units. Weekly summer rentals at $4950 for all 3 together. Sleeps 20 people in 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks/patios. 2008 appraisal at $615,000 and 2004 appraisal when purchased at $553,000 before all improvements. Legal is lots 14 & 35 (beach front) of Adelia Beach. Two 2 bedroom, 1 bath cottages w/new flooring, baths and remodels. 4 bedroom, 2 bath cottage w/large deck. Over $46,000 income for the summer of 2016. Seller is licensed agent
Microwave, Convection Oven, Range, Refrigerator
Central Air, Window Air Conditioning, Ceiling Fan(s)
Propane, Forced Air
Exterior / Lot Features
60 x 40 x 60 x 250
Lake, Dock, Extra Storage, Paved Road, Public Roads, Acreage
Between Mac Dune Rides/Silver Lake State Park Campgrounds & The circular/Craigs Crusisers.
Listing Price History
Mears Real Estate
Mears is located in Michigan. Mears, Michigan 49436 has a population of 1,541.
The median household income in Mears, Michigan 49436 is $41,250. The median household income for the surrounding county is $40,969 compared to the national median of $53,482. The median age of people living in Mears 49436 is 53.9 years.
Loading nearby sales and history ...
Ask a Question?
Start a no spam email conversation
Nearby homes for sale